Noticias SFM Offshore

In its bid to crackdown on tax avoidance and evasion, the European Union has blacklisted and “grey-listed” many countries over the last couple of years. It had expressed concern about multiple jurisdictions. On 25th May 2018, two were removed from the blacklist: Saint Kitts and the Bahamas. [..]

The United Arab Emirates, which previously did not allow 100% ownership of foreign business entities or long residency, recently changed both policies. In a move that’s delighted business leaders right across the board, the country’s cabinet announced the changes would come into effect at the end of the year. [..]

In January 2018, the Legislative Council of China passed The Companies Ordinance and the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, both came into effect on the 1st March 2018. These laws now apply to all companies created and registered in Hong Kong. [..]